Ulster Bank switch deal: May 2026

Find out about Ulster Bank's switching offer using the Current Account Switch Service.

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Jason Loewenthal

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Ulster Bank’s has launched a new £200 switching bonus for when you switch to its Select account. Here’s all the details on how to get the money, plus a little extra. For a full list of switching deals on the market, you can visit our switching deals guide.
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1

Open an eligible Select account.

You can open your account online or through the app, by filling in a short application form.

10 minutes
2

Switch using the Current Account Switching Service.

This takes place during account opening - when prompted, state you wish to switch your existing account to your new Ulster Bank one.

Seconds
3

Choose your switch date.

You’ll need to choose a date for when you want your account switched over - think about what makes sense for you in terms of when your regular payments come out.

Seconds
4

Receive switch confirmation.

On the day of your current account switch, you’ll receive confirmation from Ulster Bank that your account is now open.

Around 8 days (depending on selected switch date)
5

Pay £1,250 into your account.

Within 60 days of switching, you must pay £1,250 into your account. This can be made up of multiple payments and must remain in your account for 24 hours.

Within 60 days
6

Receive your £200 bonus.

Once you've met the above conditions, you'll receive £200 in your new account within 30 days.

Within 30 days (but could be a lot quicker)

How much will you get?

You get £200 within 30 days of meeting the eligibility criteria listed below.

Who can get this deal?

This deal is available for new and existing Ulster Bank customers who don’t hold an Ulster Bank account as of 26th May 2026. You must be a UK resident and 18 or older to be eligible.

How you can get the £200 switching bonus

To qualify, you need to:

  • Be a UK resident and at least 18 years old.
  • Have an Ulster Select account. This account can be new or existing.
  • Complete a switch of a non-Ulster Bank current account to your eligible account using the Current Account Switch Service online or via the Ulster Bank mobile app.
  • Deposit £1,250 into your account. You can do this in multiple payments.
  • Log in to the Ulster Bank mobile app within 60 days of switching to your eligible account.

The exclusions

  • If you’ve previously received a switcher bonus from Ulster Bank, NatWest or RBS, you won’t be eligible. All these banks are part of the NatWest Group.
  • If your switch doesn’t fully complete, you won’t receive the incentive. A complete switch means your old bank account closes, and any funds and direct debits move to your new account.
  • If your deposit of £1,250 isn’t in your new account for at least 24 hours, you’re not eligible for the bonus payment.
  • You can’t apply to switch your non-Ulster Bank account in a branch or over the phone. You must use the Current Account Switch Service online or via the mobile app to be eligible for the bonus.
  • Joint accounts are only eligible to receive the bonus once.
  • If you open multiple eligible accounts, you will only get the offer for one of those accounts.

When the offer ends

There’s no end date to the offer, but it can be withdrawn at any time.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.

Sources

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Senior writer

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio

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